Discussion in 'Technical Analysis' started by jgadefelth, Jun 14, 2005.
Where can i find more informations on how to play them correct?
They don't really exist anymore so don't waste your time.
Trust me on this one.
What doesn't exist? All I play is gaps, so I am curious about what you are talking about.
As for the original poster - I cannot give you a resource to study. I was successful from looking at chart after chart after chart, and developing my own method. That is where I suggest you start. Good luck.
I guess I'll never stop being surprised at the comments here on ET.
I trade the ES market. Quite often that market gaps on the opening bar. I have made my living trading those gaps.
What I suggest you do is pick a market and see where and how it gaps. A spreadsheet study using Excel would be the place to start. Record the time and the size of the gap and how it moves during the next time period(s). After a few months of this, you will start to see patterns that you may be able to trade profitably.
I don't know of any texts that will help you.
Congratulations on your success trading Pit / NYSE Open And Close timeframe reference points.
Gaps as they once existed no longer exist because of Globex and other after hours markets (stocks).
It's a simple fact that electronic trading is almost 24 hrs worldwide, no need to get your panties in a knot about symantics.
Gaps in stocks exist as they have for the 10 years I have traded them. Frankly, I don't think you know what you are talking about.
Frankly I don't care what you think and Frankly I rarely trade stocks they are too slow and less profitable in my opinion and experience.
lol. I am glad to know there are people like you out there. Otherwise, I might not make as much money as I do.
You keep thinking like that
In the electronic market, profitable gaps exist because of the significant volume changes from the overnight to the open of the US market.
Samson, I could really give a shit whether you agree. I concern myself with my P&L. It seems to indicate that tradeable gaps occur several times a week.
To the original poster, tradeable gaps occur in just about every commodity. Look at grains, meats, metals, and many others.
Gaps can be a source of income IF you do your research.
Good luck to you.
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